Abstract: An extended coverage monetary regulation system for automatically distributing customer deposits to multiple financial institutions so as to obtain F.D.I.C. or F.S.L.I.C. coverage for the full amount of the deposits regardless of the amount. The system of the present invention enables depositors to deal with a single financial institution regardless of the amount of funds deposited and still obtain federal insurance for their funds. Further, the invention provides immediate access to these funds and unlimited withdrawals. A central transaction control center monitors deposits and assigns them, in co-mingled form, to institutions not excluded by the terms of the agreement between the depositor and the control center. The depository institutions receive the funds in co-mingled form and handle them in lump sum.

Abstract: A restricted purpose, commercial, monetary regulation method is provided whereby a network is established between the business user, the acceptor of the restricted purpose card and a financial institution so that the business user obtains a unique identification number that enables him to purchase only one specific product or service from the acceptor. As a result, employers are free to give this card to employees without endangering the employees by entrusting them with large sums of cash or currency and while also ensuring any use of the card will be for a purpose authorized by the business. Once the validity of the card is authenticated, the transaction is completed by the acceptor, the information is transferred to financial institution and the funds are transferred from the user's account to the acceptor's account.